Japan Display says reports of seeking funds not true, wants partner

TOKYO (Reuters) – Smartphone screen maker Japan Display Inc said in a statement on Friday that recent reports that it was seeking funds were not true, and that it was seeking a partnership with a “global company”.

Japanese news agency Kyodo has reported that the cash-strapped company was seeking investment from customers Apple Inc and Huawei Technologies Co Ltd as well as from Chinese panel makers including BOE Technology Group Co Ltd.

On Thursday, Japan Display told Reuters the reports were “speculative”.